Core Viewpoint - Wanma Co., Ltd. has achieved a significant milestone by obtaining the first CCC certification in the charging sector through its subsidiary, Zhejiang Wanma New Energy Co., Ltd., demonstrating its commitment to innovation and quality in the electric vehicle charging market [2][6]. Group 1: Certification and Market Context - The CCC certification for electric vehicle charging equipment was mandated by the National Market Supervision Administration, effective from March 1, 2025, with non-compliant devices prohibited from sale and use starting August 1, 2026 [4]. - The charging infrastructure in China has seen explosive growth, with a total of 12.352 million charging facilities, including 3.46 million public charging piles and 8.892 million home charging piles as of November 2024 [4]. Group 2: Company Achievements and Product Development - Wanma New Energy has been deeply involved in the charging sector for over a decade, developing a comprehensive product line ranging from 7kW to 960kW charging piles, including high-power integrated and split DC charging piles, wall-mounted AC charging piles, and smart AC charging piles [5]. - In 2024, Wanma New Energy capitalized on the rapid growth of the new energy heavy truck market, achieving a 437% year-on-year increase in sales of heavy truck charging equipment, and reported a compound annual growth rate of 38.26% in charging equipment sales over three years [5]. Group 3: Technological Advancements and Future Plans - The CCC certification process included hundreds of stringent testing criteria, with Wanma New Energy's AC charging piles demonstrating superior performance in key metrics such as insulation and withstand voltage strength, setting new industry standards [5]. - Moving forward, Wanma New Energy aims to enhance technological innovation and user experience, focusing on higher safety standards, improved compatibility, and superior smart features to drive the upgrade of China's charging infrastructure [6].

事件：公司发布24 年报及25 年一季报。24 年公司实现营收10.15 亿元，同比+56.05%，实现归母净利润 0.14 亿元，同比-19.28%，实现扣非归母净利润0.11 亿元，同比+93.62%。分季度看，25Q1 公司实现营 收2.01 亿元，同环比+31.33%/-50.00% ； 实现归母净利润-0.07 亿元， 同环比+7.19%/-140.36% ； 实现 扣非归母净利润-0.07 亿元， 同环比+11.18%/-143.08% 。25Q1 公司销售毛利率为31.79% ， 同环比 +5.38/+8.70pct，销售净利率-4.19%，同环比+0.92/-8.80pct。 充电桩收入持续高增，盈利能力维持较高水平。根据公司公告，公司2024年充电桩收入8.06 亿元，同比 +59.6%，毛利率达30.24%，同比-3.10pct，仍然维持较高水平。公司充电堆产品齐全，目前推出1000kW 直流充电堆，800kW 全液冷直流充电堆等新产品满足下游客户新增需求。公司具备较好的客户资源优 势，凭借稳定的产品质量、灵活的定制化服务已经与众多知名客户建立了战略合作，市场拓展已遍布全 国各省自治区、直 ...